INCOTERMS.docx

INCOTERMS.docx

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INCOTERMS

INCOTERMS2010

INCOTERMS2010

Preparedby:

AliceHsu

2013/01/30

TOPIC

WhatareIncoterms

StructureofIncoterms2010

Incoterms2010Overview

WhatareIncoterms

InternationalCommercialterms（Incoterms）usedinInternationalcommercialtransactions.

Purpose:

Communicateclearlytasks,costs,andrisksassociatedwiththetransportationanddeliveryofgoods.

Acceptedbygovernments,legalauthoritiesandpractitioners

Firstpublishedin1936andtheeighthversion-Incoterms2010

EXW–ExWorks

FCA–FreeCarrier

FAS–FreeAlongsideShip

FOB–FreeOnBoard

CFR–CostandFreight

CIF–Cost,Insurance&Freight

CPT–CarriagePaidTo

CIP–Carriage&InsurancePaidTo

DEQ–DeliveredExQuay

DES–DeliveredExShip

DAF–DeliveredatFrontier

DDU–DeliveredDutyUnpaid

DDP–DeliveredDutyPaid

EXW–ExWorks

FCA–FreeCarrier

FAS–FreeAlongsideShip

FOB–FreeOnBoard

CFR–CostandFreight

CIF–Cost,Insurance&Freight

CPT–CarriagePaidTo

CIP–Carriage&InsurancePaidTo

DAT–DeliveredAtTerminal

DAP–DeliveredAtPlace

DDP–DeliveredDutyPaid

INCOTERMS2000

INCOTERMS2010

StructureofIncoterms2010

Incoterms2010defines11rules,reducingthe13usedinIncoterms2000

StructureofIncoterms2010

ClassificationofIncotermsrules:

INCOTERMS2000

E

:

EXW

F

:

FCA,FAS,FOB

C

:

CFR,CIF,CPT,CIP

8><#004699'>D

:

DAF,DES,DEQ,DDU,DDP

INCOTERMS2010

RulesforAnyMode（s）ofTransport

EXW–ExWorks（namedplaceofdelivery）

FCA–FreeCarrier（namedplaceofdelivery）

CPT-CarriagePaidTo（namedplaceofdestination）

CIP–CarriageandInsurancePaidto（namedplaceofdestination）

DAT–DeliveredatTerminal（namedterminalatportorplaceofdestination）

DAP–DeliveredatPlace（namedplaceofdestination）

DDP–DeliveredDutyPaid（namedplaceofdestination）

RulesforSeaandInlandWaterwayTransport

FAS–FreeAlongsideShip（namedportofshipment）

FOB–FreeonBoard

（namedportofshipment）

CFR–CostandFreight（namedportofdestination）

CIF–Cost,InsuranceandFreight（namedportofdestination）

3.

Incoterms2010beganfromJanuary1,2011

EXW–ExWorks（namedplaceofdelivery）

TherequirementsoftheIncotermsrulearethatthesellermustnotifythebuyerthatthegoodsarereadyforpick-up,andthatthebuyerisresponsibletoarrangeforafreightcarriertocollectthegoods.

ResponsibilitiesofSeller/BuyerandRiskShift:

PointthatRiskShiftstoBuyer

SendingLocation

Port/PlaceofDeparture

Port/PlaceofDestination

ReceivingLocation

ResponsibilitiesofBuyer:

payforavehicletopickupthegoods

clearthegoodsforexport

payfortheinternationaljourney

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

FCA–FreeCarrier（namedplaceofdelivery）

TherequirementsoftheIncotermsrulearethatthesellerdeliversthegoodstothecarrierselectedbythebuyerandclearsthegoodsforexport.

ResponsibilitiesofSeller/BuyerandRiskShift:

SendingLocation

Port/PlaceofDeparture

Port/PlaceofDestination

ReceivingLocation

ResponsibilitiesofBuyer:

payfortheinternationaljourney

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

ResponsibilitiesofSeller:

clearthegoodsforexport

payforavehicletodeliverthegoodstothecarrier

PointthatRiskShiftstoBuyer

CPT-CarriagePaidTo（namedplaceofdestination）

CarriagePaidToisanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoodstothecityofdestinationselectedbythebuyer.Itdoesnotincludeinsurancefortheinternationalvoyage.

ResponsibilitiesofSeller/BuyerandRiskShift:

SendingLocation

ResponsibilitiesofBuyer:

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

Port/PlaceofDeparture

Port/PlaceofDestination

ReceivingLocation

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortheinternationaltransport

PointthatRiskShiftstoBuyer

CIP–CarriageandInsurancePaidto（namedplaceofdestination）

TherequirementsoftheIncotermsrulearethatthesellerclearsthegoodsforexport,paysfortheinternationalvoyageandinternationalinsurance,anddeliversthegoodsintheCityofDestination.

ResponsibilitiesofSeller/BuyerandRiskShift:

ResponsibilitiesofBuyer:

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

SendingLocation

PointthatRiskShiftstoBuyer

Port/PlaceofDeparture

Port/PlaceofDestination

ReceivingLocation

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortheinternationaltransport

payforinsurance

DAT–DeliveredatTerminal（namedterminalatportorplaceofdestination）

Delivered

At

TerminalisanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoodstoaterminal（whetherinaportoracity）,unloadedfromthemeansoftransport,inacityofdestinationselectedbythebuyer.DeliveredAtTerminalisanewlycreatedIncotermsrule,createdin2010.

ResponsibilitiesofSeller/BuyerandRiskShift:

ResponsibilitiesofBuyer:

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

Port/PlaceofDeparture

Port/TerminalofDestination

ReceivingLocation

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortheinternationaltransport

SendingLocation

PointthatRiskShiftstoBuyer

DAP–DeliveredatPlace（namedplaceofdestination）

DeliveredAtPlaceisanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoods,stillloadedontothemeansoftransport,toacityofdestinationselectedbythebuyer.DeliveredAtPlaceisanewlycreatedIncotermsrule,createdin2010.

ResponsibilitiesofSeller/BuyerandRiskShift:

Port/PlaceofDeparture

Port/PlaceofDestination

ReceivingLocation

ResponsibilitiesofSeller:

clearthegoodsforexport

payfordomestictransportation

payfortheinternationaltransport

SendingLocation

ResponsibilitiesofBuyer:

clearthegoodsforimport

payfordomestictransportationintheimportingcountry,ifapplicable

PointthatRiskShiftstoBuyer

DDP–DeliveredDutyPaid（namedplaceofdestination）

TherequirementsoftheIncotermsrulearethatthesellermustclearthegoodsforexport,payfortheinternationalvoyage,clearCustomsintheimportingcountry,anddeliverthegoodsinthecityofdestination.

ResponsibilitiesofSeller/BuyerandRiskShift:

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortheinternationaltransport

clearthegoodsintheimportingcountry

payfortransportationthegoodstothefinaldestinationintheimportingcountry

payfortaxintheimportingcountry

Port/PlaceofDeparture

Port/PlaceofDestination

ReceivingLocation

SendingLocation

PointthatRiskShiftstoBuyer

FAS–FreeAlongsideShip（namedportofshipment）

TherequirementsoftheIncotermsrulearethatthesellermustdeliverthegoodstotheportandmustclearthegoodsforexport.

ResponsibilitiesofSeller/BuyerandRiskShift:

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortransportingthegoodstotheportofdeparture

FOB–FreeonBoard（namedportofshipment）

TherequirementsoftheIncotermrulearethatthesellermustdeliverthegoodsonboardtheshipandmustclearthegoodsforexport

.

ResponsibilitiesofSeller/BuyerandRiskShift:

ResponsibilitiesofBuyer:

payfortheinternationaljourney

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

PortofDestination

CFR–CostandFreight（namedportofdestination）

CostandFreight（CFR）isanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoodstothePortofDestinationselectedbythebuyer.TheIncotermsruledoesnotinclude;insurance;fortheinternationalvoyage.

ResponsibilitiesofSeller/BuyerandRiskShift:

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortransportingthegoodstotheportofdeparture

payforloadingthegoodsontotheship

payfortheinternationaltransport

PortofDeparture

ReceivingLocation

PointthatRiskShiftstoBuyer

SendingLocation

ResponsibilitiesofBuyer:

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

PortofDestination

CIF–Cost,InsuranceandFreight（namedportofdestination）

TherequirementsoftheIncotermsrulearethatthesellermustclearthegoodsforexport,payfortheinternationalvoyageandinternationalinsuranceanddeliverthegoodstothePortofDestination.

ResponsibilitiesofSeller/BuyerandRiskShift:

PortofDeparture

ReceivingLocation

PointthatRiskShiftstoBuyer

SendingLocation

ResponsibilitiesofBuyer:

clearthegoodsforimport

payfordomestictransportationintheimportingcountry

PortofDestination

ResponsibilitiesofSeller:

clearthegoodsforexport

payfortransportingthegoodstotheportofdeparture

payforloadingthegoodsontotheship

payfortheinternationaltransport

payforinsurance

INCOTERMS2010OVERVIEW

The

Incoterms

RulesAPCIprefers

FCA

CPT

CIP

DAP

DAT

DDP

The

Incoterms

RulesAPCIdoesnotprefer

EX-WORKS

FAS

FOB

CFR

CIF

Thankyou!